T Rowe Correlations

PTEXX Fund

USD 1.00 0.00 0.00%

The correlation of T Rowe is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in T Rowe Price. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in consumer price index.

Related Correlations Analysis

	FSAWX	PBXIX	GCV	NCIDX	LCFYX	XNCVX
FSAWX		0.02	0.98	0.98	0.98	0.96	FSAWX
PBXIX	0.02		0.05	0.11	0.03	0.17	PBXIX
GCV	0.98	0.05		0.97	0.98	0.98	GCV
NCIDX	0.98	0.11	0.97		0.98	0.98	NCIDX
LCFYX	0.98	0.03	0.98	0.98		0.97	LCFYX
XNCVX	0.96	0.17	0.98	0.98	0.97		XNCVX
	FSAWX	PBXIX	GCV	NCIDX	LCFYX	XNCVX

Risk-Adjusted Indicators

There is a big difference between PTEXX Money Market Fund performing well and T Rowe Money Market Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze T Rowe's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSAWX	0.09	0.05	(0.03)	1.70	0.00	(0.15)	0.27	(0.09)	0.45
PBXIX	0.34	0.00	(0.15)	0.06	0.41	(0.40)	0.72	(0.54)	2.43
GCV	0.68	0.15	0.12	0.45	0.70	(0.79)	1.52	(1.56)	3.80
NCIDX	0.51	0.14	0.11	(0.90)	0.42	(0.59)	1.13	(0.80)	3.58
LCFYX	0.52	0.05	0.05	0.14	0.48	(0.63)	1.16	(0.94)	3.07
XNCVX	0.54	0.14	0.11	(1.02)	0.44	(0.67)	1.28	(0.98)	3.86

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

T Rowe Correlations

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY